Bornhuetter-Ferguson Technique

Create a Bornhuetter-Ferguson model and run suite of tools

The Bornhuetter-Ferguson technique estimates incurred but not reported (IBNR) insurance claim amounts. This technique uses both reported or paid losses as well as an a priori expected loss ratio to arrive at an ultimate loss estimate.

Objects

bornhuetterFerguson Create bornhuetterFerguson object

Functions

`ultimateClaims`	Compute projected ultimate claims for `bornhuetterFerguson` object
`ibnr`	Compute IBNR claims for `bornhuetterFerguson` object
`unpaidClaims`	Compute unpaid claims estimates for `bornhuetterFerguson` object
`summary`	Display summary report for Bornhuetter-Ferguson analysis

Topics

Overview of Claims Estimation Methods for Non-Life Insurance
Unpaid claims estimation using development triangle, chain ladder, expected claims, Bornhuetter-Ferguson, and Cape Cod methods.